Student Loan Calculator
Estimate the monthly repayment on a student loan and the total interest over the repayment term.
Quick answer: enter your details below and click Calculate — your result appears instantly, right here in your browser. Nothing you enter is uploaded or stored.
S
Calculators
Enter your details below.
How to use
- Enter the student loan amount.
- Enter the annual interest rate and the repayment term in years.
- Press Calculate to see the monthly payment and total cost.
About this tool
Student loans are typically repaid in equal monthly instalments once repayment begins. This calculator applies the standard loan formula to the borrowed amount, the annual rate and the term in years, giving the monthly payment, the total repaid and the total interest across the whole term.
Frequently asked questions
Does interest accrue while I am studying?
That depends on the loan. Some loans charge interest during study, which then adds to the balance, while others do not. Check your loan terms.
Can I pay it off early?
Usually yes, and paying extra shortens the term and cuts total interest, but confirm there is no early-repayment penalty first.